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CNBC
Mar 21, 2013 7:00pm EDT
. by the way, a new plan that works in taxing bank assets and even grabbing some money from the church. how about that. meanwhile, back here at home once again i'm going to stop this nonsense about a new national internet sales tax. my pal grover norquist will help me declare war on it. this is a big government tax grab that we will debate. >> speaking of taxes, guess who is not paying them? more and more federal workers are tax cheats. why shouldn't tax cheats just be fired? it's that easy on the "kudlow report." and we begin right now. first up tonight, the cyprus crisis continues. riots are forming in the streets. cnn's own chief international correspondent michelle caruso-cabrera is with us tonight. >> cyprus is going to do something that's called "resolving a bank." like all tough things in life, we use euphemisms. tonight the head of the central bank has asked parliament to give him permission to give him new powers of resolution authority. what he will do with that resolution authority is he will take cyprus's most troubled bank, he's going to take the good deposits in that bank
CSPAN
Mar 21, 2013 5:00pm EDT
addressing our spending issues and would not incorporate $1 trillion or more of increased taxes which will just simply go to more spending. how could we possibly support a budget with a $16.7 trillion debt that plunges us further into debt, with a staggering increase in debt, and also spending that doesn't reduce spending but simply reduces the rate of growth of spending, which is a step but nothing nearly appropriate to what we are facing. so this budget grows government. let's not make any excuses. it grows government by increasing spending. and it grows government by a massive increase in taxes. just after we've had one a few months ago. and not counting the massive increase in taxes that's going to occur beginning in 2014 with the implementation of obamacare. when we add that up, when we look at the cost of that, we face dire circumstances. and you would think that the budget being offered to us would not increase debt by 42%, but would address the real problem. now, i know there's been a dispute about how much this budget revenue, taxes are increased. some say $1.5 trillion
CSPAN
Mar 21, 2013 12:00pm EDT
, including the deal on the bush tax cuts that were made at year end. $2.4 trillion of deficit reduction over the next ten years. and all also agree that $is.8is- that $1.8 trillion was gutting expenses and a little more than $600 billion of this was revenues achieved through the year-end bush tax cut deal. so everwhelmingly what has been done thus far has been in spending cuts rather than new revenues. it is very important for us to know that. it is very important for folks to realize that democrats are willing to make are hard calls about spending. we've done it already. but the question before this body and the question before the house now is going forward, what do we do to achieve additional deficit reduction that's consistent with having a growing economy? and the approaches of the senate and the house on this could not be more different. the house approach basically says that all additional deficit reduction should be achieved by cutting spending. by looking at one side of the balance sheet. i do not know of a business, i do not know of a family, i do not know of other u
CSPAN
Mar 25, 2013 12:35am EDT
, british chancellor torch osborne unveiled the government's proposed tax and spending plans to members of the british house of commons. he told members 600,000 more jobs will be added this year according to forecasters. corporation tax will be cut to 20%, the lowest tax rate than any other economy in the world. in his one-hour speech, chancellor osborne announced measures aimed at assisting small business owners, first- time homebuyers, and british veterans. this is about an hour and 15 minutes. mr. deputy speaker, this is a budget for people who aspire to work hard and get on. it's a budget for people who realise there are no easy answers to problems built up over many years. just the painstaking work of putting right what went so badly wrong. and together with the british people we are, slowly but surely, fixing our country's economic problems. we've now cut the deficit not by a quarter, but by a third. we've helped business create not a million new jobs, but one and a quarter million new jobs. we've kept interest rates at record lows. but mr. deputy speaker, despite the progress we'
CSPAN
Mar 18, 2013 8:30pm EDT
we spoke to grover norquist of americans for tax reform on this morning's washington journal. here's a portion of the conversation. >> host: welcome back to the "washington journal" and over -- grover norquist joins us. i want to get your thoughts on the news of the growth and opportunity project report out from the republican national committee, the chairman of the republican national committee is having a press conference that started a few minutes ago at the national press club, talking about changes that the party needs to make in terms of outreach, changes to how to dominate a presidential nominee. just on what you've heard so far? >> guest: first of all is important to do a postmortem on an unsuccessful campaign. republicans at every recent to believe that -- would capture the senate and when the white house as well and it didn't happen. now at the same time republicans had 30 governors and democrats have 20 and at the state level more republican state legislators than democrats. there are 25 states where republicans have united control in both houses and only 12 states
FOX News
Mar 23, 2013 8:30am PDT
maximize your tax refunds. morgan, this is a real estate fund, a bunch of stock in real estate. >> this focuses on commercial real estate so retail, office space, apartment space. i like this because it has a low expense ratio and a decent yield. >> bill, real estate has been boy. right? >> you can get the same product in charles schwab for one third the price, it's a little like paying $11 a gallon for gas. >> you like gold and platinum. there is a fund that collects all of these precious metals. >> van guard precious metals buys miners. the reason i like it the nearly successful raid on bank kpas sits in cyprus made the world savers think about other ways to store wealth. >> cyprus. this is at a 12-month low. you are supposed to buy low. >> buy the miners themselves, don't go into this fund. i don't like the expenses. >> your fund is odyssey aggressive growth. why are you aggressive. >> they are basically a big play. look at these. up 15, 20%. really low expenses as well. great holdings in this fund. >> you like it? >> yeah. this fund is showing great growth. several analysts
SFGTV
Mar 17, 2013 7:00pm PDT
increase in hotel tax revenue into the general fund? >> i don't know if i have that number off the top of my head. i do have it at my table. can i get it for you in a moment? >> yes, thank you. >> okay, colleagues? any other questions at this time? supervisor mar? >> thank you, ms. howard, i was going to ask you, i know that we're going to talk about set-asides in a moment, so the five year plan assumes the reauthorization of proposition h or the public education enrichment fund and the children's fund, is that right? >> that's correct, supervisor. we certainly discussed what made the most sense to assume, but given the significant interest and the importance of both of those funds, we assumed that both of them would be reauthorized and to the degree that they were -- if they were not to be reauthorized, that would change the projection. >> and given how voters of overwhelmingly supported the children's fund and prop h over the years, hopefully that's a good assumption. there is an amount of money that as the trigger has been pulled for the public education enrichment funds that i think i
CSPAN
Mar 20, 2013 5:00pm EDT
savings found through closing loopholes and cutting wasteful spending in the tax code that benefits the wealthiest americans and biggest corporations. in addition to replacing sequestration with deficit reduction that is far more responsible, our budget follows the advice of experts and economists across the political spectrum who say it makes sense to invest in job creation in the short term while putting ourselves on a strong path to responsible and sustainable deficit and deficit reduction over the immediate -- immediate and long term. we believe that in order to truly tackle our economic and fiscal challenges in the real world and not just make them disappear on paper, we need a strong foundation for growth built from the middle out. so this budget invests in a $100 billion economic recovery protection plan to put workers back on the job, repairing our nations highest priority, deteriorating infrastructure and fixing our crumbling schools and installing critical educational technology like broadband that our students need to succeed. this plan creates an infrastructure bank to l
CSPAN
Mar 21, 2013 8:00pm EDT
in tax cuts for the middle class while closing loopholes and cutting wasteful spending in the tax code. and our budget uses that new revenue from the wealthiest americans and big corporations for deficit reduction and for investments that support our economy and strengthen our middle class. now the house republican budget, which we'll vote on tonight, does the opposite. according to the tax policy center, the tax plan in the house republican budget would cost nearly $5.7 trillion in lost federal revenue. and the majority of that lost revenue will benefit the wealthiest americans. and just like past house republican budgets, it's once again pretty unclear how this budget would pay for all those tax cuts that are skewed toward the wealthiest. but the reality, mr. president, is that to achieve the goals that are laid out in their budget, house republicans will either have to add to the deficit, meaning their budget might not actually balance as they claim, or they're going to have to raise taxes on the middle class. according to the center on budget and policy priorities, to keep fro
CNBC
Mar 20, 2013 7:00pm EDT
new tax on the internet. even downloads from ituness, who thinks that is a good idea? not me, here is good news "the kudlow report" begins right now. president obama in israel for the first same in his presidency, securing the relations with the allie in the middle east, here is what he had to say when greeted by benjamin netanyahu. it's in our fundamental security interest to stand with israel. it makes us both stronger and more prosperous and makes the world a better place. >> so question is, what exactly is the president hoping to accomplish in israel. here now we republican former u.s. ambassador and dan senor the coauthor of start up nation. joining me here on set for the hour, ryan grim, huff post washington bureau chief, and tony frato, former white house deputy press secretary. welcome to one and all, if i may go to you first, ambassador, there's all this media chatter that i'm reading today that president obama the not know what he wants to do and he has no agenda. it's said that he was the first u.s. president to visit israel as a tourist. okay, do you feel that obama has no
CSPAN
Mar 25, 2013 12:00am EDT
need a blue-collar conservative project which has taxes are people who work hard, do the right thing and want to get on? stop spending billions of pounds we don't have on overseas aid where we saw -- helping with their cost of living -- [inaudible] >> first of all, can i thank the honorable frien thing for givine the opportunity to remind people that even before this budget in two weeks time there will be a tax cut for 24 million people in our country? [shouting] as we raise the amount of money you can earn before you pay tax come we will take an over too many people out the tax altogether. we have frozen the council tax. we have canceled fuel duty increase after fuel duty increase, and we are legislating -- and i can also tell him where not going to carry on with a proposal made by the previous energy secretary which was about 179 pounds on everybody's bill. we decided to scrap that. >> ed miliband. [shouting] >> trento want to ask the primers about the situation in cyprus. can the prime minister update the house what is being done to protect the british nationals including our arme
CSPAN
Mar 18, 2013 12:00pm EDT
income tax, moving in a very different direction than the national democrats want to and winning elections with that approach. so there's a lot to be learned both by the failure of the romney campaign and the senate races and the successes the republicans have had at the state level. >> host: and we're taking your calls in this segment with grover norquist with americans for tax reform. the phone lines are open. democrats, 202-585-3880. republicans, 202-585-3881. independents, 202-585-3882. grover norquist known as an expert on some of these budget issues. you bring up the senate budget that we saw from budget chairwoman patty murray last week with. talk about that and how you think it compares to paul ryan's budget. >> guest: there are two major differences. they certainly go in different directions. the paul ryan budget balances in ten years and does not raise taxes. patty murray's budget never balances and raises taxes $1.5 trillion over the next decade. so what the democrats and patty murray are saying in addition to the $600 billion tax increase that obama won in january and
FOX News
Mar 23, 2013 1:30pm PDT
they don't read. there is a payroll tax of .9% and investment tax 3.8% and excise tax of which there are 159 rules to spell out how that tax applies. can you imagine how this is going to be? this is nightmare. this is so the federal government can hire millions of people to make this legislation possible. it's idiotic. they should break it around started all over. >> eric: and remember when president clinton said that it would not add to the debt and now it's trillion dollars? >> it's amazing people hate so much of it. let's note the american people when asked about the specific provisions in the affordable care act actually like it. they like tax credits for small insurance and closing the medicare loopholes and 80% of like those things and less than 50% know they are in the bill. >> let's talk about why this is going to kick in. eric they purposely wrote this thing, once it is in all the crappy things come out. knows what is going to happen to medicare costs and medicare or anything like that. good luck trying to find a doctor or nurse. they did this in purpose. they bam, smacked y
SFGTV
Mar 17, 2013 6:30pm PDT
property tax which is our largest overall local revenue source, though business taxes and our hotel and sales taxes are as growing over that time period. this slide highlights for you wla the projected growth rates are in the plan, so you can see, you know, stronger growth rates in the early first two years and more moderate projections in the subsequent years. on the expenditure side, our -- the city's expenditures are projected to increase by 1.1 billion dollars over the five year period, that's about 25% growth, and the largest share of that is our salary and fringe benefit costs which are growing we're projecting 460 million dollars, there are a number of citywide cost increase that is are assumed in this plan, things like fully funding our capital plan, our it plan and equipment costs, the plan also assumes that we fully fund inflation on grants as well as other non-personnel services, so that's all the contracts, grants, and other types of expenditures that are not staff costs. >> supervisor breed? >> yes, can you please explain what you mean by fully fund capital plan? >> happy t
CSPAN
Mar 19, 2013 5:00pm EDT
their proposals on taxes. under their budget, the top rate is to be reduced from 39.6% to 25%. the a.m.t. will be repealed. the corporate tax rate will be cut from 35% to 25%. but you don't find one sill bell in the republican budget on how these tax cuts will be paid for. . they don't identify a single tax policy that will end. the republican budget would mean a huge tax cut for the very wealthy, several $100,000 a year and leave a nearly $6 trillion hole in the deficit that would lead to tax increases for middle-income families. that isn't balance. that is total imbalance. at the same time, republicans propose cutting $3.3 trillion from programs for people with low and moderate incomes, including hundreds of billions of dollars for food nutrition and medicaid programs. so i want to end by asking the republicans when they come and talk about their tax proposals to name a specific that they would address. it's not in the republican budget. name one, name two, name three. otherwise, it's worse than empty. the chair: the time of the gentleman has expired. the gentleman from wisconsin
CSPAN
Mar 20, 2013 1:00pm EDT
proposed to close those special interest tax loopholes that riddle our tax code, republicans said no. democrats proposed to offset unwise republican cuts to medical research like alzheimer's, cancer, diabetes research at n.i.h., republicans said no. democrats tried to cut the special interest spending in the tax code to offset republican cuts to students who rely on pell grants but republicans said no. mr. van hollen: i yield the gentleman another minute and a half. the chair: the gentleman is recognized. ms. castor: the democrats in the budget committee proposed to strengthen medicare and replace the republican plan to turn medicare into a voucher program. all it does is simply shift the cost tour families and older neighbors. mr. speaker, this republican budget is not consistent with american values. it is not fiscally responsible. it is a charade, it is a capitulation to the tea party. it does not serve us well in economic recovery and the ways we want to grow america. it's a plan for economic weakness. it's a receding vision of american greatness. in education, scientific rese
CSPAN
Mar 18, 2013 7:00am EDT
into taxes. but at any rate, we think early this week we'll have a clear sense of getting this done t. may have to go back to the house if the senate does amend it, and then the house i think would quickly pass it. host: stick with us real quick. senate majority whip dick durbin was on fox news sunday yesterday talking about the continuing spending resolution to keep the government funded and timing on what. i want to play that now. >> this is all very important, i understand, but we have work to be done in just a short period of time. i urge my senate colleagues, let's be sparing in the amends. let's get the c.r. passed. we can do it and do it quickly this coming week. host: before we let you go, if they don't get this done this week railroad company we thinking members may come back from recess next week before the 27th? is there any talk of that? guest: there's been nothing that i've heard, and i mean, i just wouldn't -- i wouldn't be too speaked by this. i think they will get it done early. i think they'll know by today, we'll be able to rough out a schedule after we hear where
CSPAN
Mar 22, 2013 9:00am EDT
up cutting taxes for the rich while raising them on the middle class. and not only that, but it did rely on gimmicks and tricks to hit that arbitrary date. there is nothing balanced about that kind of approach, and i'm very glad that every member of the senate had an opportunity to be clear about where we stand on that. mr. president, the senate also voted yesterday to specifically reject the idea that medicare should be dismantled or voucherrized. i'm glad we had strong bipartisan support on that amendment. we also voted clearly for the idea that while both sides favor closing tax loopholes and ending wasteful reductions that favored the wealthiest americans and biggest corporations, the senate thinks some of that revenue should be used to tackle the deficit and invest in the middle class, not be used just to simply cut tax rates for the rich the way that the house budget did. so, mr. president, we have a few more hours of debate this morning between now and 11:00, followed by some votes, and then we will close out debate and move on to all the rest of the votes that we will take b
SFGTV
Mar 18, 2013 4:30pm PDT
city's general fund. so, it is a very difficult threshold because generally because property taxes are single largest revenue source even in the worst years in this past recession, our property tax, the worst it was, it was a little bit over flat, just a little bit of an increase, less than 1%, but because property taxes is our largest revenue, it's infrequent that our revenues in one year would be less than the actual amount received in the prior year. the budget may drop to 50% of what's left in the rainy day reserve but no more than the shortfall of general day revenue and additional withdrawal allowance to up to 25% of the reserve is -- can be done by the san francisco unified school district and it's based on an inflation adjusted per pupil revenue, so as ms. howard said earlier, we're not sure, we're assuming the school district will be able to draw from the rainy day reserve but they're getting a bump from the reserve from the state, but this particular formula is quite generous, and therefore, it's likely that they will still not be up to the level that's required by formul
CNBC
Mar 22, 2013 4:00pm EDT
-called dow theory. >>> and then, online shoppers, beware. you may get slapped with a new internet tax being handed down from capitol hill. that story, just ahead. >>> and later, giving new meaning to the term zombie economy. >> they see you as killers. they're training to attack. >> i'll tell you what, next time you see phillip, you tell him i'm going to take his other eye. >> the creator of "the walking dead," robert kirkman, attributes part of his show's success to the financial crisis. kirkman will join me later to explain. you're watching the "closing bell" on cnbc, first in business, worldwide. [ male announcer ] this is a reason to look twice. the stunning lexus es. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so muc
FOX Business
Mar 18, 2013 11:00am EDT
billion bailout in cypress. they want to pay for it by taxing people's bank accounts. dagen: the president will announce his no , nominee for s secretary. another looks at a man's record over at the justice department. connell: the cyber threats, a new report according to an isp, nigeria as being the worst for spam. dagen: the corporate tax burden in the country. who pays the most? those stories and much more coming up in hour on "markets now." ♪ connell: markets are going back to positive. dagen: who has a greater connection than anyone in the building. connell: good morning, nicole. dagen: good morning, yes, my mother and father were born in cypress, but i want to look here at the averages, a lot stemming from what we heard in cypress, them giving a vote to tax the depositors there, and that, in turn, could really pressure europe overall, that vote takes place tomorrow. the banks closed until thursday. the euro is at a four month low, and people are spooked. i mean, that's really what's occurring here, down 45 points for the dow jones industrials, so that's down one-third of
FOX Business
Mar 18, 2013 1:00pm EDT
identity theft, especially during tax season. >> announcer: every year, millions of americans learn all it may take to devastate your life is a little personal information in the wrong hands. your identity needs protection, and no one does it better than lifelock. >> identity thieves steal from everyone. you have to protect yourself. i protect myself with lifelock. >> announcer: lifelock offers the most comprehenve identity theft protection, period. and lifelock ultimate was named "best in detection". lifelock's 24/7 proactive protection alerts you as soon as they detect an attack within their network, before it's too late. lifelock protects your social security number, money, credit, even the equity in your home. while identity theft can't be completely stopped, no one protects you better than lifelock. and lifelock snds behind that with the power of their $1 million service guarantee. you have so much to protect and nothing to lose when you call lifelock right now and try 60 days of identity theft protection risk-free. 60 days risk-free! use promo code: taxrefund. order now and ge
FOX News
Mar 23, 2013 1:00am PDT
professional caucus. that group wants the following raise income tax rate for billionaires to 49%. to eliminate many tax deductions for high wage earners in america. to tax investment income at the same rate as wages. that means if you make money on a stock and you are a rich person, you pay half your profits to the government. there is a bunch of other stuff the cpc wants including massive amount of new spending. many folks including me think this would absolutely destroy the american economy. with me is david callahan from a liberal think tank. let's take the rate for billionaires. and then they want 45% for millionaires, right? number one, i don't quite understand. i guess billionaires and millionaires would have to hand over their personal portfolio information to the irs? that would have to happen, right? >> the idea here, bill, is that donald trump and his dermatologists shouldn't be paying the same tax rate. right now, after 39 percent, everybody who makes more than $400,000 a year pays the same rate. so, it doesn't make sense that a dermatologist making $425,000 a year pays th
CSPAN
Mar 20, 2013 9:00am EDT
we build on a new tax release coming in the years for the creative industries like high end television and animation with new support for our world class visual effect. to help small firms increase. spend through the small business research initiative. we will fund the proposal po make growth available to small firms seeking advice on how to expand. and putting new control on what regulators can charge by giving a new requirement to have a -- growth perspective of employers. mr. deputy speaker, a vital sector for our economy and the cost of doing business is energy. creating a low carbon economy is done by create jobs rather than -- was a major step forward for new nuclear. today with help of we are also announcing our intelligence to take two projects to the next stage of development will support the manufacture of mission vessels in britain with new takes incentive and the honorable members has urged do you passionately and in a nonpartisan way about the damage of doing the famous ceramic industry and persuaded me we will exempt from next year the industrial processes for
CSPAN
Mar 20, 2013 8:00pm EDT
quickly as possible. now, we had the discussion earlier about taxes and we thought that we had worked the tax problem for and everybody preserved people's taxes for 99% of the people and we thought that there were going to be some spending cuts coming. somebody sent me this little chart that i have to share. this says "republican" on it. "okay, i'll raise taxes if you promise to cut spending." well, lucy, it's a "deal." but we've been watching this cartoon for years and years and we know what happens. when we go to pick up the spending cuts, the football suddenly gets lifted out of the way and we wind up on our back. the american public winds up on its back. that's not the kind of spending cuts we're looking for. we're looking for some real spending cuts. not just a decrease in the growth but some real spending cuts. and there's -- there's a way to do those. wyoming has been faced with probably an 8% in reduction in its income. how did it handle it? the governor, seeing that coming, got ahold of every department and program and said, i need a plan from you for how you would cut 2%, ho
FOX Business
Mar 23, 2013 3:00am EDT
amazing thing is that although the central banks have been taxing myself deposits, giving negative interest rates and by a depreciating currency, like 26% depreciation in last 10 years, the ecb would come out so openly. that is the shocking thing. and of course, people should be very worried about what happened in argentina. they froze deposits and withdrawals so that this could spread. as we look at the united states and europe and the way that the politicians are running the show, it'd heading for disaster. as simpson-bowles said, it is a cancer. there is a time when bank deposits will be threatened if we continue even if the united states and europe -- people go to banks today thinking that it will be okay to. neil: that is a good point. not that it would be imminent or a near-term threat. but the fear is, here is a vulnerable little country where this is looking like a real fear. what about greece? what about portugal? >> i mean, this is western country. the last i heard is that europe is part of the west. >> what is your fear? >> my fear is that if things go awry in this count
FOX Business
Mar 22, 2013 11:00am EDT
senate is trying to shoot down this tax on a medical device maker. >> the medical device packs is something that is a pretty bipartisan bill. you will not see a lot of bipartisanship there. dagen: brad, final word. do we really know what this will cost us as a nation and individuals? >> we look no further to the entitlements that the government had to perform before obamacare. medicare, renegade is going bust on its own. we created a whole new entitlement program where we could not even administer properly and provide the coverage to those already admitted. it is on a pathway to unsustainability unless something is done to change those programs. i have no confidence that obamacare will have any more success than the two programs i mentioned. dagen: thank you both. the well. connell: senators getting set for a marathon with back-to-back voting. they will be voting on amendments that protect the budgets. dagen: rich edson is live in washington, d.c. with more. rich: most of them are designed to get the other party to take difficult votes. the republican amendment drew more than 30 d
CSPAN
Mar 21, 2013 9:00am EDT
that this is a pro-growth, pro-middle-class budget. i say it's pro-tax, pro-spend, pro-debt budget. it's a budget of deep disappointment. it's a budget that comes nowhere near doing the things necessary to put america on a sound path. it's a budget that does indeed reflect the stark differences between our parties. it's rather remarkable to me the extent to which our majority party in the united states senate has no interest in producing a budget that actually balances and actually puts america on the right path. they say they care about growth, and i know they do. i know they would like to see the economy grow more and more jobs be created because we have had the slowest recovery during this recession since any time after the world war ii, at least. very, very slow. but we have done something to a degree we have never done before, and that is borrow and spend to stimulate the economy. and someone has compared borrowing and spending to stimulate the economy to the idea of someone taking a bucket, scooping up water in one end of the swimming pool and pouring it into the other. you h
FOX News
Mar 24, 2013 8:00am PDT
deal, hours before our markets open in the morning. on the table in cypress, a possible tax on bank deposits and austerity measures that could result in the loss of thousands of jobs. that has sparked a protest. welcome to a brand-new hour of america's news headquarters. >> jamie: good to see you. good morning, to all of you. it happens that time is running out fast in cypress. if they can't reach a deal, the european central bank will stop providing emergency funds to cypress after monday, triggering a collapse of the country's banks. greg? >> shannon: hey, jamie, eric. it is crunch time here in cyprus. the economic fate of the country could be decide in the next several hours. all of europe and the united states is watching. the action rate now is in brussels. officials are meeting with the top brass at the u.u., the european central bank. they are trying to figure out a bailout for the near bankrupt country. the terms are tough, including the bank levy, 20% on big depositors at the main bank, which has been very controversial. in addition to that, other demands on the bank system
SFGTV
Mar 18, 2013 4:00pm PDT
the last time that the city was able to fund the hotel tax allocations at the level that the code recommends was fiscal year 2007-2008, so it's been a number of years that we have deferred that or captured that growth for the general fund, and you're also correct to say that the fiscal 13-14 budget that was adopted last year assumes that the growth in the hotel tax benefits the general fund, so that's already been -- the board last year made a choice to utilize those hotel tax resources for the general fund rather than allowing for growth. >> just for a point of clarification around the hotel tax legislation, how is the general fund able to absorb that increase separately from what's required according to the legislation based on the cap of what art entities receive? i know that it's not to decrease or increase, i think it's either 5 or 10 percent and anything above that can be captured by the general fund and so i'm trying to understand exactly how the general fund has been able to capture that without increasing those hotel tax recipients? >> i think it's a good question, superv
FOX Business
Mar 19, 2013 11:00pm EDT
not dealing with mandatory spending or comprehensive tax refm. that is what it will take. neil: do you think that bernie marcus, the home depot cofounder, was telling me on fox news, the spenders are using a pr war, the strong stock market, improving economic numbers as jusjustification for more spend. >> i don't buy that, i don't think that the sck marke is as pro efficient -- prefish ent as people think, we don't need to been the budget, the way that the government calculates a balanced budget is a bad joke, we do have to do, we have to start treating the disease, deal with health care costs, deal socialnsurance programs. neil: they are not. they might -- but remind me,er dayhey don't, a new pore added to our -- a few more added to our debt. all unfunded. >> that is right, that is what we need. >> you local starkest terms. >> the full view, if we look at big number, over 70 trillio, if we end up doing -- >> how does that work? >> debt held by public, held by social security medicare trustee fund, and pensions unfunded, arrange of commitment contingency, and unfunded social securi
Comedy Central
Mar 19, 2013 1:30am PDT
and billionaires. >> stephen: yes, we are at peak billionaire. [laughter] partly due to tax policies that favor the billionaire super rich, and partly due to cloning themselves for spare parts. lax la. [laughter] and now that we ultra-loaded are so numerous again, i'm gonna give the moneyed masses the news they can use--- this is colbert platinum! [cheers and applause] ♪ a quick reminder: this segment is for platinum members only. so if your personal food taster doesn't have a personal trainer, why don't you run along and see if your local valpak has coupon for irregular hamburger meat? [laughter] okay, they're gone. platinum nation, as the ranks of us superrich continue to swell, you need a ride that says "suck on my money sack," tastefully. [laughter] now, you've got your rolls, your maybach, your astin martin. but if you really want to turn heads you'll need the 2013 pagani huayra, an ultra-luxury sports car that can go 230 miles an hour with a price tag of $1.2 million. [audience oohhs] it's a vehicle of such prestige, that the side mirrors read: warning: people in mirror are j
CSPAN
Mar 20, 2013 7:30am EDT
that today we need a blue-collar conservative project which has taxes are people who work hard, do the right thing and want to get on? stop spending billions of pounds we don't have on overseas aid where we saw -- helping with their cost of living -- [inaudible] >> first of all, can i thank the honorable frien thing for givine the opportunity to remind people that even before this budget in two weeks time there will be a tax cut for 24 million people in our country? [shouting] as we raise the amount of money you can earn before you pay tax come we will take an over too many people out the tax altogether. we have frozen the council tax. we have canceled fuel duty increase after fuel duty increase, and we are legislating -- and i can also tell him where not going to carry on with a proposal made by the previous energy secretary which was about 179 pounds on everybody's bill. we decided to scrap that. >> ed miliband. [shouting] >> trento want to ask the primers about the situation in cyprus. can the prime minister update the house what is being done to protect the british nationals in
CSPAN
Mar 19, 2013 1:00pm EDT
everybody else talked about let's just stick it to the rich. let's raise taxes trillions of dollars. let's go and stick it to special interests like people who he provide gasoline at the pump. to raise taxes on oil companies. ladies and gentlemen, every time you raise taxes, you raise prices. and every time you race -- raise prices the consumer has to pay more for it. these are the ideas that make america less able to be prepared for its future and cost more money. that's why when you look at this slide you see where the laws already enacted by the democrats are leading america to where we will be functionally bankrupt. we are following theure peaian model exactly what -- the european model exactly what they have done over there for a number of years and now we are seeing firsthand, iceland, greece, cyprus just yesterday. this is the pathway that if our friends, the democrats, get their say, this is where they'll lead us. so republicans through paul ryan spoke about we want to make sure that medicare, social security, that the free enterprise system is alive and well by making these
FOX Business
Mar 21, 2013 6:00pm EDT
taxes are in effect. the benefits and mandates kick in next year. tracy? tracy: clearly, already seeing effects. cvsments you on the scale and tell them how fat you are. you talked about the debt ceiling, what did he say about that? >> i did. one of the next fights comeing up here, we could expect to hit the ceiling this summer in august. he says we're not going to agree to raise the debt ceiling without doing something about entitlements. mcconnell says this brings the president to the table so republicans want an equal number of cuts or more cuts than whatever amount they agreed to raise the debt ceiling by. mcconnell says it's got to come from entitlements because you can't do enough of what we've seen so far, discretionary spending. tracy: they want us off the beach in the summer. we'll have another debt ceiling fight, be here in august sweating it out again. >> yeah, can't wait. tracy: i know, me too. rich, take the vacation now, thanks. >> yeah. tracy: ha-ha, okay, you may want to sit for the next story. members of congress workedded together and passed a bill that will kee
FOX Business
Mar 20, 2013 8:00pm EDT
temporary hike of taxes on but made them perm innocent locking in place an 8.8% top rate that could have new york's most productive residents taking eyes, and it's could take a hike, but will. i was thinking of that, will burr, it's another 9% on the top rate, close to 40%, half writeoffs saying nothing of the other taxes. you're paying 50% in taxes right out the gate. what's the deal? >> well, it's disappointing in that the business community, and the temporary increase part of the overall -- neil: must have known it was not temporary. >> well, no, we believed it would be, and went along with it as part of the overall reform, and he did make some good reforms, but this one is quite different. as far as i can see, this is paired with the $350 check being dulled out to sort of upper middle class people, and then -- neil: robbing peter to pay paul. >> yeah. neil: you think you were snickered? >> a direct money transfer from people in one income bracket to people in another income bracket. neil: so here you were trying to be pragmatic of this, this guy might be a different type of democrat,
CNBC
Mar 18, 2013 7:00pm EDT
to tax all bank depositors large and small to pay for a bailout. this has never happened before.e are in trouble. if nothing happens, optimism runs the show. cyprus is the money ground for dirty money from russia and other rogue nations. the government of cyprus is scared to death of insulting vladimir putin. we'll have an expert who will play this scenario out for us. "the kudlow report" begins right now. >>> first up, let's get the latest on the cyprus report. michelle joins us by phone. >> good evening. the details are changing, but the one core fact important to investors is true. for the first time ever in the european crisis, portions of bank accounts will be seized in order to pay for a bailout. cyprus agreed to this to get a 10 billion euro loan to bail out their banks. what is still unclear and controversial is whether insured deposits will also be seized. original plan was if you had an account in cyprus with less than 100,000 euros, would you have to pay a tax even though it falls below the insurance threshold. even though in theory it was supposed to be 100% guaranteed
FOX Business
Mar 22, 2013 5:00pm EDT
about putting this tax on deposits, what happens from there? what's the fallout? i mean that's a big deal? >> well, i think capital controls at this point is inevitable because even if, even if there is a deal, unless you have capital controls, there is going to be a massive is run on these banks the minute they open. but again, i mean we need to look at what is the alternative here? if you don't do the levy over 100,000 euros, you know, you are going to have a risk of the collapsing of all of these banks, in which case, not only the insured but also the uninsured depositers lose much more because the reality is in cyprus, the level of insured depositers is 180% of gdp which means that unless there is a deal, both insured and uninsured deposits basically evaporate. melissa: okay. lance, let's talk about what are the other options. >> sure. melissa: you talk why has the e.u. not gotten involved? is it their best interest to get involved? because if they don't, doesn't it mean russia sinks their hooks even further into this island nation? they would be the ones to come in and do this b
FOX Business
Mar 18, 2013 11:00pm EDT
bankustomers are blowing their talk, with talk of a 10% tax on deposit the money, has a lot of angry customers storming the atm machines but the government has closed banks to avid a bank run, a keeping them close until they sort this out, but the tax is till coming. for cyprus it is about the cost of staying in the euro club, never mind how average i citizes there are getting club. but this is about taxing assets there. something with which we should all be very familiar here. no uncle sam has not hacked into our bank accounts -- yet, but he made a b-line for our other assets like next time we try to sell our home, and obamacare wants 3.8% of the profit for medicare tax. juss like it is tacking medical devices for what it deems exception atrogen -- generous healthy insurance policy. so what is such a big leap going from hitting you up for dollars off fur devices, and hitting you up for dollars off your deposits. none, i tell you cyprus is not isolated. i am telling you, cyprus is a test case, it is starting, it was not only liberal the world over watching. now big brother, everywher
CSPAN
Mar 21, 2013 7:00am EDT
tom price, member of the budget committee. he is vice chair and a member of the ways and means tax writing committee. if you would, starts by bringing us up-to-date on where the house is when it comes to the continuing resolution and the 2014 budget. guest: the continuing resolution which funds the government was passed out of the house a couple of weeks ago. the senate has been dealing with that. they passed it last evening. it is back in the house, and we will likely pass that today, which is good news because one of the things that we included was the spending reduction, the appropriate spending reduction so we can try to get this economy back on track. excitingt is an activity that is been on the house floor these past two days. we will likely pass that out of the house of representatives today. this is a budget by paul ryan that will allow us to get to balance. that means the government will stop sending more money than it takes in by the end of the decade, which is really exciting. what that allows us to do is to get the economy rolling, jobs being created and provide more ce
FOX Business
Mar 20, 2013 11:00am EDT
thing is higher taxes. >> there is an oversight of spending tax dollars, we have known that for a while. with the story with school superintendent, national average 162,000 to be a school superintendent but some of these guys are running half a dozen schools, less than a million students, some of them are making 200,000 or more. it is amazing there is no transparency, little oversight for the public servants will scream about the private sector. look to your own backyard. charles: the same ideology that argues about corporate salaries uses that as an excuse to bump up their own salaries. digging a were using to bump up your salaries? connell: thank you, charles, appreciate it. dagen: i am taken mcdonnell. connell: i am connell mcshane. thank you for joining us and this is what is keeping washington up at night. preventing a budget deal from happening. dagen: a big day for bernanke and company. is it time for the central bank to pull back on the bond buying? connell: and the taiwan factory making the recall for lulu lemon pants is firing back at the company hitting the plane there.
ABC
Mar 20, 2013 5:00pm PDT
showing off features it claims put brakes on the prius. >> you have tax questions? we have answers. you'll get your personal >>> state lawmakers coming up with an idea to protect school kids from tragedies like the sandy hook massacre. the lawmaker wants every school classroom door to have a lock that can be secured from inside of the classroom. abc 7 news has the story. >> one teacher saved her students by locking her class door. the security chief says there is a lesson to be learned from that. >> like what happened is that gunman went to the class rooms where doors were unlocked. the classroom that's were locked, he couldn't get in. went to the next room autos that got one lawmaker thinking it's time to mandate all california public schools have classroom that's can be locked from the inside toompblgts newer campuses have that measure 30% of the schools state wide don't. >> right now in many class rooms most older classrooms if there is an intruder the teacher has to walk outside to lock the door. because locks are on the outside of the door. >> state senator marty block believes it can
CSPAN
Mar 19, 2013 5:00pm EDT
as we know it. nobody, as in the ryan budget, wants to reduce taxes dramatically on the wealthiest americans -- 39% to 25% -- and then take away deductions from middle-class people, good deductions that make sense like the mortgage deduction, the charitable deduction, the retitle deduction, the health care reduction. no, no wants to do that. and no one wants to eat our seed corn. investment in education, investment in infrastructure, investment in sign b scientific research in order to keep narrow loopholes open, reductions if you move the business overseas. no, they don't want to debate that. but now we have a budget. because of the leadership of the chair of the budget committee and the members of her committee -- and, by the way, this is no -- this is not a small group of democrats. it runs from our most liberal members to our most conservative members, all united around the budget that is fiscally responsible. it meets the gramm-rudman -- i mean, i'm on old guy -- the simpson-bowles constraints, budget target. it invests in jobs in the economy, and closes loopholes and preserve
SFGTV
Mar 21, 2013 4:30am PDT
i indicated around incentivizing small businesses, 0-25, but offering them tax credits to make the cost of coverage from the employer's perspective more affordable. >> okay, great, thank you. >> commissioner o'brien. >> would you say in your opinion, that there is a lot of overlap between the two programs? i mean i'm trying to see if the health care act is left in case, which is obviously going to be the place and the other option was taken out, the health security, would that leave a wide slot or section of people that are vulnerable and not covered that wouldn't fall under the umbrella of the affordable care act? i'm trying to -- it's extremely complicated and we're finding out it's going to take a lot of work to research how these programs work on their own first, and then between each other. and i was wondering would it be easier to amend one of them to sort of just be adjusted to fill in the gaps of the care act that doesn't cover it? so that it would be easish to manage the whole thing? would time be sent better trying to engineer it that way, then trying to evolve both of th
SFGTV
Mar 18, 2013 3:30pm PDT
condition of the city including our property tax base, so housing prices, the strength of our tourism economy as well as job growth. as you might imagine, revenue projections are sensitive to the overall economic condition of the city so to the degree that the pay for the recovery is slower or federal spending cuts are more significant than what we -- than we're factoring in at the moment, those projections could change. overall, the plan assumes more conservative growth rates on revenue in the third, fourth and fifth years of the plan. one to have reasons for that is that we are now going into a pretty -- into a sustained period of economic recovery and over the last number of years, we know that we haven't been able to -- we've seen booms and busts in our economy so we need to be i think responsible in our revenue projections in those third, fourth and fifth years. there's still growth rates assumed but just at a lower level. >> ms. howard, quick question for you, and i appreciate that comment, i think as you look at economic cycles and so forth, you can make an argument tha
CNBC
Mar 18, 2013 5:00am EDT
to dow jones, the new proposal will see deposits under $100,000 euros taxed 3% while savers over half a million will see the levy kred to 10%. those above the threshold pay 9.9% tax. the total revenue raised is expected to hold just shy of 6 billion euros. the rescue package is slated to begin today around 1500 cet. in the meantime, we're getting comment out of russia. seen as perhaps the targeted party here, i should say, with regard to some of the deposit taxes that are being pushed through on cipriot banks. for example, putin via spokesman has apparently called the levy, if approved, unfair, unprofessional and dangerous. european markets are in the red across the board as we've seen today. the ftse 100 down almost 1% and the xetra dax better than 1%. the ibex 35 is down 2%, roughly the same amount for the ftse mib. we can tell you that spanish and italian bonds have risen both on banks and for some of the periphery, showing pressure, as well. here is a look at some european banks. a mix there. on the left, you can see spain. banco santander down almost 4% some some cases. unic
FOX Business
Mar 18, 2013 9:00pm EDT
as nation's governments weighs a new bank account tax. there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have you gotten any calls, are you expecting any? >> i'm not expecting any but i would not be surprised to see people talk more about this in next few days it is very late tonight anyway it looks like they will preserve the under $100 thousand mark and go after larger deposits, but the question, here in u.s., could it happen here? probably not. but the question is, ha hasn't t already happenith standpoint feds suppressing interest rates, that is the rate less than inflation, negative interest rate it has already happened here. gerri: let's g
CNN
Mar 24, 2013 10:00am PDT
will open us up. it is serving iranians but not a penny tax increase. but in that environment it is unrealistic thing to expect a grand bargain and we don't want to hold short term policies hostage to have a grand bargain i'd love to see but isn't going to happen right now. >> this last graph is about japan. you brought it to my attention. you wrote a book at about the japan economics and the -- >> that's right. >> japan is the full-scale dress rehearsal for what we are going through now. people studying japan in the '90s were dreading what happened. >> if you look at japan, one thing you say is when you look at japan now you are glad the japanese central bank is finally doing something. you often argue that japan didn't do enough in terms of stimulus. i want to show you japan's debt to gdp. i guess if this isn't enough, than what is? look at what they spent, it paved every roadway and highway that you could find and it went from 60% debt to gdp to 250% and still it didn't. >> be careful here because that's is gross debt and the central bank is a smaller number actually. >> i have s
MSNBC
Mar 17, 2013 11:00pm PDT
to build as much debt as you can take, as much taxes you can take until you topple the entire economy. this is the challenge that this week will have. this week republicans will have a budget that balances in ten years. the democrats' budget never balances. no household can run that way. >> let me challenge you on this point because here is paul ryan this week, and he laid out very clearly what he thought the job was. let me play that. >> we think we owe the country a balanced budget. we think we owe the country solutions to big problems that are plaguing our nation -- a debt crisis on the horizon, a slow-growing economy, people trapped in poverty. we're showing our answers. >> right, but the answers rely on $700 billion in savings from interest. most of the deficit reduction comes from repealing the president's health care reform, which nobody thinks is going to happen. so how seriously should this be viewed as a roadmap for a balanced budget? >> it should be very serious, because budgets -- >> you're not going to repeal obama care. >> budgets are blue prints and priorities.
Current
Mar 20, 2013 3:00am PDT
. it's craziness. we could end the sequester today by adopting cuts but in the tax codes, the tax breaks, the tax credits that are loaded up in the tax code that go mostly to the wealthiest americans. you are talking about getting rid of the tax benefits or loophole? >> that's exactly right. >> give me an example of this. is there enough money there? >> absolutely enough money to over $1.2 trillion over 10 years. we could get it, for example, from the corporate deferral on-shore profit did companies that make their profit did overseas, did he ever their payments, sometimes never pay them, and >> bill: that just encourages people to move their money or jobs offshore? >> it's an incentive. >> why should we be rewarding them for exporting jobs basically? >> what these corporate interests and wealthy americans do is hide spending in give them a check? we would is a no way. in the tax code, nobody is really examining that. >> bill: exact. >> special tax -- well, mortgage interest deductions for second homes. not just a first home. i will tell you, a big one is the fossil fuel subsidy. i am ta
FOX Business
Mar 21, 2013 5:00pm EDT
of americans. saying congress shouldn't even consider any kind of tax or sees sure of deposits. if approved it could give everyone in the country a bit of relief. basically insuring what is being proposed in cyprus really can not happen here. joining me with details is the cosponsor of the resolution, republican congressman tom coal from oklahoma. congressman, thanks for coming on the show. >> thank you. melissa: do we really need a resolution to protect us from this? is there a danger this would happen, do you think? >> people in cyprus probably thought the same thing a couple days before it happened. do we really need to worry about this? i think we ought to make sure. and look, i don't think it would happen, i will be honest with you. i think, most of our regulators understand how counter productive this is, how it will destroy confidence. it will give people not to put money in safe places like banks. but we ought to reassure people and ought to send an unmistakeable sign to our own bureaucracy, that congress wouldn't tolerate something like that. melissa: has there been talk d
FOX Business
Mar 19, 2013 11:00am EDT
all the obamacare taxes kick in next year. i would go into any of the markets like miami. the whole purchase to rent phenomenon, all the investors are jumping in and buying rental properties. the holster is wearing off on that. it did not turn out as good as they thought. look at those cities. vegas, phoenix, anything -- really, the fed induces this massive wild swing in bubbles. they are not sustainable. just watch out. dagen: anthony, it was great to see you. thanks a lot. connell: great to see you, as always. how about starbucks. this is a headline today. helps to explore different farming techniques. a disease called coffee rust. it has been hidden industry pretty hard. dagen: you can see through the pants. lulu lemon pulled some of its yoga pants off store shelves. the company claims the mistake impacts 17%. it was made by a supplier. lulu lemon offering full refunds to customers. they are trying to figure out what exactly happened. it is hard to make up a story this good. shares are down more than 5% today. connell: it is like christmas for dagen. dagen: haven't you ever been
CNBC
Mar 19, 2013 7:00pm EDT
." cyprus defiantly and unanimous low votes against a bank at tax plan. now the risks of bank runs and bank collapses mount in this tiny country. we are about to bring you live report from cyprus. but cyprus may have an ace in the hole. it's called russia. the parliament is going hat in hand to russia to save its financial system in return for ownership of its natural gas resources. so do i have this right? the russian money-laundering thugs can save cyprus and maybe europe and maybe the global financial markets as well? it's a very scary thought. however, here at home, american business leaders speaking in one voice in a new campaign to push pro growth corporate tax reform. i like it. the polls show it. there's too much talk about root canal, dent and budge cutting. we need growth, we need optimism. we need "the kudlow report." it begins right now. >>> first up this evening, let's go live to cnbc chief international correspondent, michelle caruso cabrera who joins us from cyprus with the details. good evening, michelle. >> reporter: good evening, larry. it's been a day of high drama here i
CW
Mar 25, 2013 10:00pm PDT
about before you file your taxes. >>> a couple showers right now popping up on kpix5. high definition doppler radar and the rain chances heading toward easter weekend are just getting started. details on when it is most likely to rain coming up. ,,,,,,,,,,,, about 50 percent o >>> if you haven't filed your taxes yet, don't worry, you're not alone. 50% of taxpayers have yet to file. you still have three weeks. julie watts on the changes you need to know about and how to make sure your refund is not delayed. >> it's been six weeks now and all i'm getting is either a message and says your return is being processed and if you call, you get loops. >> and boden filed her taxes over a month ago and still no word from the irs. while the agency won't comment on delayed returns, there are common mistakes that can cause holdups. when filing, remember, misspelled or abbreviated names are the biggest reason. the spelling on the form should match your social security card exactly. if you are mailing it in, send your check with a 1040p payment voucher and both spouses must sign a joint return even i
FOX News
Mar 21, 2013 1:00pm PDT
costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [chanting] right to work has got to go. >> protesteres are lashing out again but the governor is not backing down at all. michigan's right-to-work laws set to kick in a week from today. republican governor rick snyder is here. governor, good to see you. i was mentioning during the break whether when you see yourself portrayed as satan or the devil. >> it's great to be with you. i feel it's part of democracy. it was hired to do a job by my customers, the citizens of the state of michigan, and i'm doing the right thing. it's about workers rights and it's about bringing more jobs to michigan. so i'm just going to do my job. >> neil: we were talking about the possibility of an errant judge overturns this and it's in limbo a
FOX News
Mar 23, 2013 2:00pm PDT
. first i was like so what? but lot of state offer tax inaccepttive to intyce business to the state and i'm for lower taxes. then i broke down the numbers. new york state is offering tax credit, not simply tax deductions. estimated at or near 24 a year. i can say the taxpayers of new york would not only not collect any taxes from the "tonight show" they will toll out steps of millions in subsidiaries to nbc. we ask, was nbc, fallon and the crew of rich fat cats need that money? >> bob: are you asking me that question? >> eric: yes. >> bob: sorry. let me -- >> eric: here is the crux of the question. >> bob: i got it. i got it. >> eric: give them free money. >> eric: i don't understand that the states that entice people to production like michigan, is it that they lose money? or don't make money? this is what happens. we give you $24 million but the economic activity that you bring when you come to the city, make up for it that way. >> dana: i think this screams need for tax reform. this is so warped that for cuomo can't get his arms around the fracking issue. issuing the time regulat
FOX Business
Mar 18, 2013 4:00pm EDT
throughout the whole day. the tone from cyprus and concern about deposits being taxed obviously set off worries on wall street abroad and here at home obviously. sandra: opposite end of the spectrum, jcpenney, the retailers, jcpenney a huge rally today, nicole? >> a couple of reasons. isi group talking about the fact that they might turn into a reit-like entity. oppenheimer talking postively about jcpenney. david: apple, apple, even though the market came down i think apple stayed up about 12 bucks. why are they doing so well on the eve the samsung announcement? >> that is pretty amazing. once the news was out about samsung it took away some uncertainty. apple bucked the trend. sandra: best buy seeing a nice top. that was an up stock on a down day. >> best buy, the last quarter was a great one. they got positive analyst comments as well. jpmorgan initiated coverage with overweight rating. [closing bell rings] david: the bells are ringing. we're not at absolutely postively lowest point of the markets but very close to it as we see a down market. dow jones industrials down 61 points o
CSPAN
Mar 23, 2013 6:20pm EDT
budget increases taxes by $1.5 trillion on top of the hundreds of billions they have already added to your tax bills at the beginning of the year. they also have no plans to say the entitlement programs even though the president knows doing is not about the costs an option. doing nothing makes no sense. budgets are about setting priorities. republicans realize we have a moral obligation to spend your hard earned tax dollars wisely. we should but only what we need to cover the functions of government and not a dollar more. that is why we support reforms to fix the programs washington should be funding and a limited programs it shouldn't and balance a budget. federali note that the government wastes hundreds of dollars each year. we need to identify and remove wasteful areas of the budget. instead the president has decided to cut on order security, first responders, and law enforcement. the director of u.s. immigration and customs recently testified before a house subcommittee that for budgetary reasons, more than 2 2200 illegl immigrants and 10 high-level offenders were released back o
SFGTV
Mar 17, 2013 6:00pm PDT
provide our estimate for increased city tax revenue. so i submit, mr. martin has declined them to about 13 million. that's significant reductions in the transient occupancy tax, significant reduction in payroll tax. and those reductions are larger than the one-third reduction to overall expenditures partly derivative in large part by the number of sipped katz. greater numbers of syndicates leads to disproportionate increases in the transient occupancy tax as well as payroll taxes paid. ~ the retail taxes have also declined, but back out a third, same as decline in overall expenditures. we have a net decline of about $10 million projected in city revenues. >> so, just -- mr. eagan talked about a 6.1 increase, million dollar increase in hotel tax revenue. it would require a 7% increase in hotel tax over a three-month period. what is your response to that, which is a significant increase over a three-month period. do we expect during this time that's what we'll have for the america's cup event? >> my expectation for rev par is that it would see a significant bump. having in addition between 5
CNN
Mar 18, 2013 11:00pm PDT
your taxes are going up? >>> and stephen colbert talks about his sister running for office and is talking about being white racist of itself. a war of words over race in america tonight. it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. ♪ ♪ built to keep you moving.0. see it in action at blackberry.com/z10. >>> our second story "out front," poll plunge. the president's approval rating dropped eight points in eight weeks. that is dramatic. he is 55% back in january. now he's at 47%. it doesn't look like the charm offensive charmed the public. "out front" tonight, two of our contributors from the national review and a former pollster for president obama. good to see both of you. that drop seems pretty dramatic. >> it seems dramatic. another way of looking at it is
MSNBC
Mar 18, 2013 3:00am PDT
onetime tax of 3% on all bank deposits under $130,000. >> going deep here. >> the tax could be closer to 10% on people who have over $640,000 in the bank. that's according to the "the wall street journal" this morning. people stood in long lines over the weekend to withdraw money before the policy went into effect and now russian president vladimir putin is calling the move, quote, unfair, unprofessional and dangerous. russian citizens make up the majority of billions of euros held in cypress bank. this is important. >> cypress. >> who cares about cyprus? >> come on, cyprus. are you telling me if somebody sneezes in cyprus we get a cold than on the nasdaq? >> tell us why. >> we have a cold on the nasdaq. the nasdaq is going down today. not too many people care about cyprus but a way the europeans have screwed up the bailout by getting the people to pay a part of the cost. you could have a run on the bank and europeans say why do i have my money in this bank? might be a tax on me next. it shows that europe is still a mess, that they have a whole bunch of problems and cyprus may be tiny bu
SFGTV2
Mar 19, 2013 6:30am PDT
. then we look at the three-year tax return and that statement. we do a lot of home care and mom-and-pop shops. we also do start ups. we asked for approval through documents. we work a lot with people who do not know how to file taxes properly. we are mainly focused in san francisco. we are small. we focus mainly on the tenderloin, chinatown, bayview, visitation. we do a lot of expansion. people start small through the credit union and then want to go to the bank. we know we are limited. we cannot afford to give out a big loan. starting from the credit union, we educate them about filing taxes properly and then moving on to the bank, a small one, expansion, and we work with the bank. the bank and credit union are similar. we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credit union deli
CW
Mar 20, 2013 10:00pm PDT
, bounty select-a-size. - uh, hey... - i'm bob, we talked at the tax store... i did your taxes. i thought you were a tax expert? announcer: major tax stores advertise for preparers with no tax experience necessary. at turbotax, you only get answers from cpas, eas or tax attorneys. and it'd be him saying, "hi mom. whatchya doing" and he knew that i was at work. and just those little things throughout the day, he'd always say, "i love you. i love you, ma." this is the unfinished text message that our son was typing when he drove off the road and died of a massive skull fracture. how one drugstore chain is making demands of workers -- ev >>> on the not for them to judge people's lives. >> live a healthy lifestyle or pay a penalty. how one drug store chain is making demands of workers. >> a new battle brewing over coffee vendors. ♪ [ singing ] ♪ >> and singing a new tune, how a musician is defending herself after make some gay slurs on stage. g an unusual step with its health care policy. >>> the nation's largest pharmacy chain is taking an unusual step with its healthcare policy.
CNN
Mar 18, 2013 8:00pm PDT
significantly. has he lost leverage with republicans? what does that mean for whether your taxes are going up? >>> and stephen colbert talks about his sister running for office and is talking about being white racist of itself. a war of words over race in america tonight. it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. live the regular life. phillips'. a hairline fracture to the mandible and contusions to the metacarpus. what do you see? um, i see a duck. be more specific. i see the aflac duck. i see the aflac duck out of work and not making any money. i see him moving in with his parents and selling bootleg
FOX Business
Mar 17, 2013 8:00pm EDT
to bring their carry-ons with them? if you are tired of washington's high taxes and big spending here is one way to stick it to the man >> tom: okay, you go first. i'll be right behind you. i have seen a lot of tax protestors and they do put them in prin when they don't pay their taxes. yes, people go to jail. i'll let you fight the battle first. thanks to everybody that contacted the show. keep your comments coming in. tom sullivan show, we're open for business 24/7. check out our facebook page, and then tom sullivan show. there is a lot of tom sullivan show, you can follome on twitter at sullivan radio and all the things to contact us on the web my main webpage which is tomsullivan.com. thanks for joining us. make sure to tune in to the radio show. listen in through our fox news radio app. download it from itunes. you can hear us online by clicking live button on my main website. we or radio every day from 3:00 to 6:00 p.m. eastern time. we'll have another great show lou: good evening, everybody. thank you for joining us. the dow jones industrials three consecutive record close
CNBC
Mar 22, 2013 1:00pm EDT
national internet tax, a tax on everything you buy online? it is on the hill today, and you need to see this report before your next click. and no more carrots. remember those thing. american tourist. you couldn't fit that in a carry-on if you tried. a major carrier experimenting with no more carry-s on. leave the luggage behind. you goat sit down first. it's a big change in the way america waits in line and flies away. sue is off today. simon is at the new york stock exchange. simon? >> and tyler, i'm slightly concerned for your european whack a mole you seem to have a very brutal hammer. let's move on and check where we are with the markets. after so many golden weeks of gains, it's been a little bit rough, but about 90 minutes ago we went positive. the dow went positive for the week. we were up over 90 points just shy of that, as you can see. let's have a look at where we are on the s&p right now. 1555 as we head into the weekend. we'll check on golds and brented a we work our way through the program. let's see what the mood of bob pisani is as we go positive for the week. >> the imp
FOX Business
Mar 25, 2013 11:00pm EDT
did not dodge the tax. now a government has broken precedence, by going after what is in their bank account, how long do you think it will be before governments start sniffing around your bank account. frankly, i believe it's not long. think this country, when first federal income tax was just to blender efforts of world war i but it stuck around. or europe. expanded. what started out as a 4% tax for millionaires is now north of 20%, and en snaring, well, everyone. that is what conrns me about this cyprus tax. what the poor saps will discover when the banks reopen in cyprus, run. can't take their money and the government is watching and limiting, and i am kind of worrying. what is going on in this island nation, is a tsunami. bank on it. literally. to rich edison, in cyprus to this nervous night before, hey, rich. >> good evening neil, you have to imagine, folks without access to their banks account will have some tomorrow 8:30 in the morning. for more than a week these folks had closed banks today there was a bit of a lull, in fact that banks were closed not because of a bank panic
FOX News
Mar 18, 2013 2:00pm PDT
frantically looking to rejigger the tax. i stress, not eliminating the tax. maybe focus on the rich. take 20% of their dough. hard to say. this much is not. it is going to happen. because the government needs the dough. if they still want to get european union dough. it gets weird and complicated. desperate to stay in the euro club. does this ring a bell? it should. no one is taxing the bank holdings, thanks to obamacare, they are going after the other assets. 3.7% on investment sales larger than 100,000 grand. the next time you try to sell your house, trust me. you will hit the roof. think about that. tax not on your income, earned or unearned but your assets. what you have, what you own. your tangible assets. home here, bank account there. is there difference? no. no difference between american government taxing you for medical devices and what it deems as a medical insurance plan. taxing you not on what you make but what you have. the stuff you attain through life of work no, matter when you work or how much you made when you work. stuff you got now. to government, it sees that y
FOX Business
Mar 19, 2013 4:00pm EDT
they'r they are doing, thet off this decision to tax or confiscate the bank accounts, but what happens now? how will they please those at the imf and the european union? big questions remain and that is why you see the red arrows. but just squeezing out a gain for now. lauren: investors also applied to the safety of u.s. treasuries today rallied for a third day pushing the yield on the 10-year note to a two-week low. david: without the fed announced what they are going to announce on wednesday. oil closing below $93 per barrel, this is the first fall for crude in four sessions, dropping 1.7% settling at $92.16 per barrel. lauren: and you have to look at the retailer's underperforming the market today especially the key names. american eagle, abercrombie and fitch, all falling greater than 3%. david: the stocks are much the same. rejecting the confiscation of bank accounts but there are things going on here in america that are not as friendly. the chief research officer joining us with a disturbing new report, one that shows the united states is falling behind when it comes to b
CSPAN
Mar 17, 2013 9:00pm EDT
the same home without bedroom tax rules applying? given that glaring loophole discouraging marriage, should not the prime minister's next u- turn be axing this cruel and shambolic tax altogether? >> first of all, let me say, once again, that only the labour party could call welfare reform a tax. a tax is when you earn money and the government take away some of your money. what this is, this is a basic issue of fairness. there is not a spare room subsidy for people in private, rented accommodation in receipt of housing benefit, so we should ask why there is a spare room subsidy for people living in council houses and getting housing benefit. it is a basic issue of fairness and this government are putting it right. >> andrew bingham. >> glossop cartons in my constituency has just invested significantly in placing the world's first order for the euclid digital cutting and creasing machine. tomorrow, nestlÉ opens its brand-new, state-of-the-art bottling plant for the famous buxton water, also in my constituency. does my right honorable friend agree that those significant investments sh
MSNBC
Mar 18, 2013 2:30am PDT
tennessee says he could envision raising tax revenue if democrats embrace big changes to medicare and social security. corker's position on sunday puts him at odds with other members of his party including house speaker john boehner who's ruling out the prospect of any new taxes. >> i think there by the way is a chance on a deal. i know the president is saying the right things and we have an opportunity over the next four to five months. i think republicans, if they saw true entitlement reform, would be glad to look at tax reform that generates additional revenues and that doesn't mean increasing rates, that means closing loopholes. it also means arranging our tax system so that we have economic growth. >> i don't know whether we can come to a big agreement. if we do, it will be between the two parties on capitol hill. the president got his tax hikes on january the 1st. the talk about raising revenue is over. it's time to deal with the spending problem. >> the speaker went on to say he agrees with president obama that the country does not face an immediate debt crisis. still, mr. boeh
CSPAN
Mar 20, 2013 1:00am EDT
aggressiveness in getting this person. a tax that may be planned by al qaeda -- attacks that may be planned by al qaeda. all of us should agree that the work that you have done and what the fbi has done since 9/11, really protecting the country against any massive domestic terrorist attacks, and all of your activities internationally, it has really been remarkable. not itscy, it was primary focus on 9/11, but as much of the country, we've had to focus more intently on this issue. i do want to bring you back home. my final question is about the budget and appropriations and the department of justice. we imprison more people than any other nation in the world through our state and federal prison systems. 24% of the doj budget -- you are at about 29%. it will continue to rise. at some point, we need to think differently about what we're doing with people. i have constituents, family, children, we all want to be protected from dangerous people. a society ought to be protected. people involved in wrongdoing should be punished. at some point as a country -- that is why i mentioned the lon
CSPAN
Mar 18, 2013 8:00pm EDT
busting tax cuts for the wealthiest taxpayers and corporations. yet my friends on the other side my friends continue pushing this approach in the name of deficit reduction, but their own leadership admitted we don't have a debt crisis in the country. the architect, congressman paul ryan, said we don't have a debt crisis. speaker boehner said it's not an immediate problem. why should we enact this budget while democrats have a balanced approach to protect the middle class. why should we pass a budget that gets 66% of its cuts from programs for people of low or moderate income. why should we pass a budget that cuts pell grants that helps students or cuts the snap program that helps to feed 48 million people to give a $200,000 tax cut to millionaires? the budget put forward by the congressional black caucus continues the snap program to prevent americans from going hungry. while at the same time, reducing the deficit by $2.8 trillion over 10 years. the american people know we can't cut our way to prosperity, nor can we succeed by pursuing the same failed policies that undermine our eco
CNBC
Mar 25, 2013 7:00pm EDT
national debt, and even a bib llically based call r a flat tax. that's what i love. is he the conservative that can save the gop? here is the aforementioned dr. ben carson. director of the pediatric division at john hopkins university. and with us this hour, cnbc contributors keith boykin. as always, dr. carson, great to see you. i'm reading one of many articles that you're retiring in 100 days. i wonder if you would share future plans, especially public service. >> i have a lot of things on my agenda. i've got ten international trips. a multitude of speaking engagements around this country. we're working very hard with the college fund. we're in all 50 states. we're putting in reading rooms all around the country. particular particularly targeting title one schools. >> as you know, senator carl levin is retiring. any interest in that open senate seat? >> people keep trying to put me into politics. i don't believe i fit the mold. i don't believe in political correctness, and i certainly don't believe with getting into bed with special interest groups. i just don't believe i'd
CSPAN
Mar 22, 2013 1:00am EDT
conservative business, low-tax republicans, and it is a natural generational fight, and i agree, i hope they continue to battle it out until after we get a woman in the white house and do some other things. then you all come back from the dead in 2050. [laughter] when the mayans predicted the world would end in 2012, they were talking about republicans. [laughter] i see the democratic party, we have enormous challenges as well. i do not like the fact that my native south has a lot of republican governors. i like to make sure that the party is competitive in the south as all as in the northeast and the western part of the country. for that to happen, we have to make sure that we can articulate that vision the people in the south want us to have in terms of our role about government, but also the kind of country we want to be. right now i feel a lot better about the democratic party than i did four or five years ago, because it is a stronger party. >> the notion we have to spend money organizing or we did not do well because of technology, that is missing what is going on. the fact is for
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